JERSEY - Virtual CRS/FATCA Training Session on Tuesday 8 June 2021
Officials from Revenue Jersey’s AEOI team provided guidance on how FIs and third party reporters can improve the quality of their reporting.
- The slides and QA sheet are attached
The Training key feature are shown below and also here https://www.jerseyfinance.je/events/revenue-jersey-virtual-training-session/
Purpose of training
- Revenue Jersey has identified a number of common themes which can lead to Financial Institutions not complying with their obligations under the CRS and FATCA reporting rules.
- At the same time, there are similarities in the way in which FIs which most successfully demonstrate compliance organise their approach to CRS/FATCA.
- Niamh Moylan: Assistant Comptroller of Revenue – International
- Niamh trained as a tax adviser with a Big 4 firm in Jersey before moving into Government in 2010. She has led Revenue Jersey’s International Tax operations division since 2015.
- Paul Meaker: Deputy Director – International (AEOI)
- Paul has been leading Jersey’s AEOI team since September 2020. Prior to this he worked as a Director in Public Groups and International for the Australian Taxation Office and the financial services industry prior to that.
Objectives - This sessions objectives were :
- Help Financial Institutions and third party reporters understand some common issues affecting the quality of CRS/FATCA data reported to Revenue Jersey
- Discuss internal controls to improve data quality and reduce follow-up questions from clients and Revenue Jersey
- Explain the process by which Revenue Jersey undertakes CRS/FATCA compliance reviews
- Set out some common themes seen in institutions which implement CRS/FATCA most effectively
For more information, please contact Niamh Moylan at firstname.lastname@example.org